Carl Icahn invests $100M in Uber rival Lyft

May 15, 2015 2:49 PM

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Ride-hailing service and Uber rival Lyft announced a new wave of funding worth $150 million, including $100 million from billionaire investor Carl Icahn.

One of Icahn's managing directors, Jonathan Christodoro, will join Lyft's board of directors as part of the investment, Lyft said in a statement Friday.

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